Snapshot

Nigerian Equities Market maintained negative note as the key market indicator dipped further by 346.49bps amid increased sell pressure.

The NGX All-Share Index dipped by 0.69% to close at 49,644.92 basis points as against 0.11% loss recorded to close at 49,991.41 basis points at the end of the previous trading session. In Naira terms, the NGX Market CAP records N186.89bn loss.

YTD, the NGXASI Stands at +16.22% 

The total volume traded declined by -30.82% to close at 138.99m, valued at N2.73bn and traded in 4,247 deals. STERLNBANK was the most traded stock by volume with 18.30m units traded while MTNN was the most traded stock by value which is put at N656.89m. 

Sectoral performance was broadly negative as two (2) NGX sector index closed northward, twelve (12) closed southward while four (4) closed flat. The NGX Consumer Goods Index inched up by 0.16% to top the gainers chart while the NGX AFRBVI Index dipped by 1.43% to top the losers’ chart.

Gote index inched up by 0.02% to close at 128.42 basis points while Toni index dipped by 0.09% to close at 107.28 basis points.

At the close of trading, market recorded 11 gainers to 18 losers and 67 unchanged. UNILEVER topped the list of gainers while NPFMCRFBK topped the list of losers. 

Thus, market breadth closed negative as the Market Breadth Index (MBI) is put at -0.098x.

Volume and Value Contribution

STERLNBANK led the volume’s chart with 13.17% contribution and closely followed by TRANSCORP and ZENITHBANK

MTNN tops the value’s chart with 24.10% contribution and closely followed by AIRTELAFRI and ZENITHBANK

NGX Earnings Summary

No Financial statement was released on the NGX Exchange today.

NGX Corporate News

MTN Nigeria hereby notifies of its proposed issuance of up to N23bn (Twenty Three Billion Naira) Series 3 Commercial Paper notes under its N150bn (One Hundred and Fifty Billion Naira) Commercial Paper Issuance Programme (the “Issuance”).

The Issuance is part of the Company's strategy to diversify its Financing options, with the Funds deployed towards working capital and general corporate purposes.

Further details on the Issuance as well as subsequent issuances will be communicated to the market as the transactions occur.

The NASD market dipped by 1.26% to close at 752.48 basis points as against flat position recorded to close at 762.12 basis points 

The total volume traded declined by -39.56% to close at 0.010m units valued at N1.64m and traded in 4 deals. 

At the close of trading, NASD OTC market recorded zero (0) gainer(s) to zero (0) loser(s)

NASD Earnings Summary

No Financial statement was released on the NASD OTC Exchange today.

NASD Corporate News

No Corporate News was released on the NASD OTC Exchange today.

On the global scene, the China SSE Composite Index leads the top five gainers with 1.36% gain while the Brazil Bovespa Index tops the top five losers with -2.11% loss as of 4pm Nigerian Time

1.4 African Indices

Similarly, on the African scene, the Egypt EGX-30 Index tops the top five gainers with 1.49% gain while the Nigeria All Share Index tops the top five losers with -0.69% loss as of 4pm Nigerian Time

2.1 Debt Market Size

The FMDQ Debt Market Size was not available as of the time of finalising this report.

2.2 Overnight and Open Repo (OPR)

The overnight lending rate contracted by 0.34% to close at 12.83% while the Open Repo (OPR) rate also contracted by 0.34% to close at 12.33%

The AFEX ACI inched up by 0.18% to close at 455.15bps while AFEX AEI also inched up by 0.92% to close at 186.99bps.

Maize advanced by 1.63% to top the gainers’ chart while Sorghum declined by 6.67% to top the losers’ chart.

3.3 Global Commodity Prices

Gold recorded 0.61% loss while Silver also declined by 0.82% as of 11:59 NY time

In the energy market, Brent declined by -2.31% while WTI advanced by 0.64% as of 11:02 AM Central Daylight Time (CDT)

The naira depreciated by 0.29% at the I&E FX Window to close at N436.00/USD while the NAFEX rate also depreciated by 0.97% to close at N434.38